Westfield Capital Management Co. LP Increases Stock Position in Casella Waste Systems, Inc. (NASDAQ:CWST)

Westfield Capital Management Co. LP raised its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 4.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 950,484 shares of the industrial products company’s stock after purchasing an additional 39,666 shares during the quarter. Westfield Capital Management Co. LP’s holdings in Casella Waste Systems were worth $94,564,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of CWST. New Covenant Trust Company N.A. bought a new stake in shares of Casella Waste Systems during the 1st quarter worth $26,000. Opal Wealth Advisors LLC purchased a new position in shares of Casella Waste Systems in the 2nd quarter worth about $29,000. GAMMA Investing LLC boosted its holdings in shares of Casella Waste Systems by 76.4% in the 2nd quarter. GAMMA Investing LLC now owns 321 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 139 shares in the last quarter. Liberty One Investment Management LLC bought a new position in shares of Casella Waste Systems during the 2nd quarter valued at about $167,000. Finally, Amalgamated Bank raised its holdings in shares of Casella Waste Systems by 6.4% during the 3rd quarter. Amalgamated Bank now owns 2,110 shares of the industrial products company’s stock valued at $210,000 after buying an additional 126 shares in the last quarter. Hedge funds and other institutional investors own 99.51% of the company’s stock.

Casella Waste Systems Trading Up 1.1 %

NASDAQ:CWST opened at $112.56 on Friday. The firm has a market capitalization of $7.13 billion, a P/E ratio of 938.00, a P/E/G ratio of 6.60 and a beta of 0.99. The company has a quick ratio of 2.48, a current ratio of 2.55 and a debt-to-equity ratio of 0.68. The company has a fifty day moving average of $102.99 and a 200 day moving average of $102.07. Casella Waste Systems, Inc. has a 52 week low of $79.16 and a 52 week high of $112.85.

Casella Waste Systems (NASDAQ:CWST) last released its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). The firm had revenue of $411.63 million during the quarter, compared to analysts’ expectations of $412.59 million. Casella Waste Systems had a net margin of 0.46% and a return on equity of 3.04%. Casella Waste Systems’s revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.35 EPS. On average, research analysts predict that Casella Waste Systems, Inc. will post 0.65 earnings per share for the current year.

Insider Activity at Casella Waste Systems

In related news, SVP Paul Ligon sold 1,730 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $106.81, for a total value of $184,781.30. Following the completion of the sale, the senior vice president now owns 21,085 shares of the company’s stock, valued at $2,252,088.85. This trade represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 4.24% of the stock is owned by company insiders.

Analysts Set New Price Targets

CWST has been the topic of several research reports. William Blair began coverage on shares of Casella Waste Systems in a research note on Thursday, October 3rd. They set an “outperform” rating on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $117.00 target price (up previously from $110.00) on shares of Casella Waste Systems in a research report on Monday, August 5th. Raymond James upped their price target on shares of Casella Waste Systems from $121.00 to $122.00 and gave the company a “strong-buy” rating in a research report on Thursday, September 19th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Casella Waste Systems presently has a consensus rating of “Moderate Buy” and an average price target of $111.50.

Casella Waste Systems Profile

Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically integrated solid waste services company in the United States. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, institutional, and industrial customers.